mandag 12. november 2018

Helikopter - Bristow og Columbia - Curt Lewis




Denne ble rapportert i går. Jeg er usikker på om HS` B234 fremdeles er i live hos Columbia? Noen som kan hjelpe meg? (Red.)

B234 Chinook - Foto: R&W

Bristow Group acquires Columbia Helicopters for $560M


A Houston-based Bristow Group helicopter. Photo: Bristow Group

The Houston aviation services company Bristow Group is acquiring Aurora, Ore.-based Columbia Helicopters in a $560 million deal that will reduce its exposure to the volatile oil and gas market.

"The acquisition will diversify our revenue by geography and end-market, deepen our position with the U.S. government and enable us to pursue global government contract opportunities that would not be available to either standalone company," Jonathan Baliff, CEO of Bristow Group, said in the news release.

Oil and gas services, such as ferrying workers to and from offshore oil rigs, is the largest part of Bristow's business. The combined company will have a more diversified fleet, with 304 operating aircraft, a more varied customer base and an expanded market, particularly in the U.S. government sector.

Columbia provides heavy-lift helicopter operations as well as maintenance, repair and overhaul services. It will remain headquartered in Aurora, Ore., with Bristow headquarters remaining in Houston.

The local company on Friday also announced a second quarter fiscal year net loss of $144.2 million, or $4.03 per share, compared to a net loss of $31.2 million during the same three-month period ending Sept. 30 last year. The loss was mainly due to Bristow paying more for its H225 helicopters and Eastern Airways assets than what it can currently make in the market.

Adjusted net loss, not including the above impairments related to the helicopters and Eastern Airways assets, was $28 million for the second quarter of 2018 compared to an adjusted net loss of $11.6 million last year.

Bristow also announced that Baliff will retire in the coming months. Thomas N. Amonett, vice chairman of the board, will serve as interim president until a CEO search is conducted.





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